A Few Of The Reasons Why Car Leasing Can Be A Good Choice To Make

The attractions of a car lease are far greater than buying a new one, for a lot of people a at least! In the past one could pick and choose from a lot of attractive car leasing deals most automotive retailers had to offer. However, because of the low finance rates automotive manufacturers are offering in partnership with finance firms, those very attractive car lease deals have begun to dry up and disappear.

A greater number of car buyers still like to to lease a vehicles as opposed to buying one outright from the dealer. Sales of luxury vehicles show that over half the number sold are leased and as far as general vehicles is concerned, more than 20 percent of them are leased and not sold.

There are a couple of outstanding benefits from leasing a car as opposed to buying one. Firstly the lessor possesses a vehicle that is constantly under warranty. There is almost no need to take the vehicle in for repairs except for the general maintenance now and then. Secondly the lease owner drives a luxury, better equipped vehicle by opting out of the lease and getting a new one.

So far as the dealers are concerned they prefer to lease the cars instead of selling them outright. This is because they are constantly in touch with the buyers who regularly want to upgrade or renew their lease. This leads to a better rate of loyalty for the dealers.

It is not beneficial for everyone to lease a vehicle. It is best for those people to lease a car if they are claiming it as a business expense. Ensure that your business allows for deductions on car lease expenses. Also ensure that the mileage in the lease matches your requirement.

When it comes to mileage a lot of the car leasing dealers place a limitation on the mileage of the vehicle being leased out. This could be anywhere from 12 to 15 thousand miles a year. If one were to exceed this limit the penalty could be as high as 25 cents a mile. However, if the mileage is going to be exceeded at anytime it is best to purchase additional miles from the dealer at discounted rates.

Then comes the condition of the vehicle when it is being returned at the end of the lease period. If you are going to use the vehicle harshly it may be best that you purchase it instead of leasing it. It is mandatory to return the vehicle in excellent condition after the lease of pay the penalties of all the damage caused to it. This could be a very expensive proposition.

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